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Preferred Products has issued preferred stock with an annual dividend of $8.52 that will be paid in perpetuity. a. If the discount rate is

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Preferred Products has issued preferred stock with an annual dividend of $8.52 that will be paid in perpetuity. a. If the discount rate is 12%, at what price should the preferred sell? Note: Round your answer to 2 decimal places. Current price Chec b. At what price should the stock sell 1 year from now? Note: Round your answer to 2 decimal places. Future price c. What are (i) the dividend yield; (ii) the capital gains yield; (iii) the expected rate of return of the stock? Note: Enter your answers as a whole percent. (i) Dividend yield % (ii) Capital gains yield % (ii) Expected rate of return %

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